New York State Teachers Retirement System Sells 200 Shares of Dorman Products, Inc. (NASDAQ:DORM)

New York State Teachers Retirement System cut its position in Dorman Products, Inc. (NASDAQ:DORM) by 0.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 21,550 shares of the auto parts company’s stock after selling 200 shares during the period. New York State Teachers Retirement System’s holdings in Dorman Products were worth $1,797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Trust Point Inc. bought a new stake in Dorman Products in the 4th quarter valued at $489,000. Assenagon Asset Management S.A. boosted its stake in Dorman Products by 182.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 213,464 shares of the auto parts company’s stock valued at $17,805,000 after purchasing an additional 137,979 shares during the period. Legato Capital Management LLC boosted its stake in Dorman Products by 17.6% in the 4th quarter. Legato Capital Management LLC now owns 10,951 shares of the auto parts company’s stock valued at $913,000 after purchasing an additional 1,637 shares during the period. RK Asset Management LLC boosted its stake in Dorman Products by 3.0% in the 4th quarter. RK Asset Management LLC now owns 38,053 shares of the auto parts company’s stock valued at $3,174,000 after purchasing an additional 1,100 shares during the period. Finally, Headinvest LLC bought a new stake in Dorman Products in the 3rd quarter valued at $30,000. 84.70% of the stock is currently owned by institutional investors.

Dorman Products Stock Performance

NASDAQ:DORM opened at $88.95 on Wednesday. The stock has a fifty day moving average price of $90.13 and a 200-day moving average price of $81.62. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 21.70 and a beta of 0.81. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.09 and a current ratio of 2.25. Dorman Products, Inc. has a fifty-two week low of $60.01 and a fifty-two week high of $98.55.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Monday, February 26th. The auto parts company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.16. Dorman Products had a return on equity of 12.92% and a net margin of 6.70%. The business had revenue of $494.30 million during the quarter, compared to the consensus estimate of $494.86 million. During the same period in the prior year, the company earned $1.01 EPS. Dorman Products’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, equities analysts anticipate that Dorman Products, Inc. will post 5.55 EPS for the current fiscal year.

Analysts Set New Price Targets

DORM has been the subject of several recent research reports. Barrington Research restated an “outperform” rating and issued a $90.00 price target on shares of Dorman Products in a research note on Tuesday, February 27th. StockNews.com upgraded Dorman Products from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. TheStreet upgraded Dorman Products from a “c+” rating to a “b” rating in a research report on Wednesday, March 20th. Finally, Roth Mkm reiterated a “buy” rating and set a $116.00 target price on shares of Dorman Products in a research report on Monday, March 25th.

About Dorman Products

Dorman Products, Inc supplies replacement and upgrade parts for passenger cars, light trucks, medium- and heavy-duty trucks, utility terrain vehicles, and all-terrain vehicles in the motor vehicle aftermarket industry in the United States and internationally. It offers engine products, including intake and exhaust manifolds, fans, thermostat housings, and throttle bodies; undercar products comprising fluid lines, fluid reservoirs, connectors, 4-wheel drive components and axles, drain plugs, other engine, and transmission and axle components; steering and suspension products consist of control arms, ball joints, tie-rod ends, brake hardware and hydraulics, wheel and axle hardware, suspension arms, knuckles, links, bushings, and leaf springs, as well as other suspension, steering, and brake components; body products, such as door handles and hinges, window lift motors, window regulators, switches and handles, wiper components, lighting, electrical, and other interior and exterior vehicle body components, including windshields for UTVs; electronics products comprise new and remanufactured modules, clusters and sensors; and hardware products, such as threaded bolts and auto body fasteners, automotive and home electrical wiring components, and other hardware assortments and merchandise.